U.S. citizens are bombarded on a daily basis regarding the current state of the American economy. The statistics are not only depressing, they are downright scary. The U.S. has been in debt as far back as the 1800s and the current debt statistic is an astounding 13 trillion dollars. When government spending exceeds the revenue [...]

When most people share opinions on the US debt, they speak in terms of the future. They’ll remark about the incredible burden that rising debt will cause for their grandchildren. Although it is certainly true that long-term debt is a major concern, the rising American bill could matter sooner rather than later. So why does [...]